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EBITDAtiger
Jun 30, 2021 9:25 PM

Go long LMT Long

Lockheed Martin CorporationNYSE

Description

Trading in a channel with some healthy consolidation. 50 day SMA passed through 200 day SMA (Golden Cross)

Trading at a discount with only a 15 P/E ratio.
Fair Value Estimate from Morningstar: $436
Implied Upside from Last Close: 15%

Lockheed just landed a big sale to Switzerland of their F15 jets beating out Boeing

Trade active

RSI breaking out from a downtrend. Stock continues to consolidate, coiling for a move higher
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